508 & 538 Fairway TER
NAPLES, FL, 34103
$2,890,000
5 Beds
4 Baths
3,384 SqFt
0.33 Acres
508 & 538 Fairway TER
NAPLES, FL, 34103
$2,890,000
Listing Provided Courtesy of Premiere Plus Realty Co.
Located LESS THAN one mile to the white sugary sandy beach. This property is located on an OVERSIZED and rarely available lot that is zoned R3-12 (multi-family). The current multifamily property sits on over a 1/3 of an acre (.33 acres). There is SO much potential to build your own TWO townhomes – each up to ~5,000 square feet. if you didn’t want to build two large townhomes on the property, the property could be remodeled to rent both properties or live in one side and rent the other out or build a new Single Family home. Three recent closed sales for newer built homes on the SAME street' $2,495,000, $2,600,00 and $2,900,000. As a Moorings resident you will have the option for membership to the private beach park. Attached is a subdivision re-plat building area study from MHK architecture & planning showing an option to build TWO spacious townhomes on this OVERSIZED lot. ***** There is a VIRTUAL TOUR link. *****

Property Details

Price:
$2,890,000
MLS #:
221070117
Status:
Active
Beds:
5
Baths:
4.00
Address:
508 & 538 Fairway TER
Type:
Condo
City:
NAPLES
Listed Date:
Oct 1, 2021
State:
FL
Square Ft (approx):
3,384
ZIP:
34103
Subdivision:
MOORINGS
Lot Size:
14,374 sqft / 0.33 acres (approx)
Year Built:
1975

Schools

Elementary School:
SEA GATE ELEMENTARY
Middle School:
GULFVIEW MIDDLE SCHOOL
High School:
NAPLES HIGH SCHOOL

Interior

Baths Full
4
Cooling
Central Electric
Elevator
None
Flooring
Carpet, Tile
Heat
Central Electric
Interior Features
Built- In Cabinets, Cable Prewire, Walk- In Closet
Master Bath Description
Shower Only
Total Floors
1
Water
Central

Exterior

Amenities
None
Boat Access
None
Building Desc
Duplex
Canal Width
None
Construction
Concrete Block
Exterior Features
Patio
Exterior Finish
Stucco
Garage Desc
Attached
Garage Spaces
2.00
Lot Desc
Irregular Shape, Oversize
Lot Frontage
122
Roof
Shingle
View
Landscaped Area

Financial

Condo Fee
0.00
Land Lease Fee
0.00
Mandatory Club Fee
0.00
Master H O A Fee
0.00
HOA Fee
0
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508 & 538 Fairway TER
NAPLES, FL
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